Shareholder Structure

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(As of March 31, 2026)

Shares and Shareholders

Number of shares authorized 1,300,000,000 shares
Number of shares outstanding 287,443,484 shares
(excluding treasury stock of 71,473 shares)
Number of shareholders 257,823 shareholders

Major Shareholders

Shareholders Number of
shares held
(thousand shares)		 %
The Master Trust Bank of Japan, Ltd. (Trust Account) *35,006 12.18
Custody Bank of Japan, Ltd. (Trust Account) *10,221 3.56
LIXIL Employee Stock Ownership 8,661 3.01
NORTHERN TRUST CO. (AVFC) SUB A/C AMERICAN CLIENTS
(Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited Tokyo Branch)		 5,371 1.87
THE BANK OF NEW YORK MELLON 140044
(Standing Proxy: Mizuho Bank Ltd. Settlement Sales Department)		 4,672 1.63
JP MORGAN CHASE BANK 385781
(Standing Proxy: Mizuho Bank Ltd. Settlement Sales Department)		 3,999 1.39
Nippon Life Insurance Company
(Standing Proxy: The Master Trust Bank of Japan, Ltd.) 		3,824 1.33
STATE STREET BANK AND TRUST COMPANY 505001
(Standing Proxy: Mizuho Bank Ltd. Settlement Sales Department)		 3,784 1.32
LIXIL Business partners Stock Ownership 3,417 1.19
STATE STREET BANK AND TRUST COMPANY 505103
(Standing Proxy: Mizuho Bank Ltd. Settlement Sales Department)		 3,139 1.09

Note 1:  Shareholding calculations exclude 71 thousand shares of treasury stock.

Note 2:  * indicates a trust service arrangement.

Classification by Type of Shareholders

【Pie Chart Breakdown (Unit: thousand shares)】Financial institutions: 62,922 (21.9%), Domestic companies: 25,245 (8.8%), Overseas investors: 50,316 (17.5%), Individuals and others: 148,959 (51.8%), Treasury stock: 71 (0.0%), Total: 287,514 thousand shares
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